Hiap Tong Corporation Ltd. Provides Earnings Guidance for the Year Ended March 31, 2022

Hiap Tong Corporation Ltd. is a provider of hydraulic lifting and haulage services to the marine, petrochemical and construction industries in Singapore. The Company operates through two segments: lifting and haulage services, and port services. The Company is involved in renting of cranes, prime movers, heavy machinery and equipment, trading of cranes and heavy equipment and supply labor for container lashing/unlashing, prime movers driving services and ancillary works. It provides on-site consultation and inspection services as part of its lifting and haulage solutions service. The Company's lifting fleet is comprised of rough terrain cranes, mobile truck cranes, all terrain cranes, telescopic crawler cranes, crawler cranes, and a mobile tower crane. The Company's haulage fleet is comprised of trailers, prime movers and lorry cranes capable of lifting between 10 tons to 100 tons, as well as multi-axles modular trailers.